Digimarc Corporation (DMRC) CEO Riley McCormack on Q1 2021 Results - Earnings Call Transcript

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Q1: 2021-04-28 Earnings Summary

EPS of -$0.50 beats by $0.05
 | Revenue of $6.70M (8.26% Y/Y) beats by $425.00K

Digimarc Corporation (NASDAQ:DMRC) Q1 2021 Earnings Conference Call April 28, 2021 5:00 PM ET

Company Participants

Riley McCormack - CEO
Bruce Davis - Chairman & Chief Executive Officer
Charles Beck - Chief Financial Officer
Bob Chamness - Chief Legal Officer

Conference Call Participants

Robin Knipp - Janney Montgomery

Operator

Good afternoon and thank you for participating in today’s conference call.

Now I would like to turn the call over to Chief Legal Officer, Mr. Bob Chamness. Sir, you may proceed.

Bob Chamness

Thank you. Welcome to our Q1 conference call. Riley McCormack, our CEO and Charles Beck, our CFO are with me. On the call today, we will provide a review of Q1 financial results and an update on the business, followed by a question and answer forum. We have posted our prepared remarks in the investor relations section of our website and will archive this webcast there.

Before we begin, let me remind everyone that today's discussion contains forward-looking statements that have risks and uncertainties. Please refer to our press release for more information on the specific risk factors that could cause actual results to differ materially.

Charles will now comment on our Q1 financial results. Financial Results.

Charles Beck

Thank you Bob and good afternoon everyone. Before I dive into the financial results I want to make everyone aware of two important changes we have made to our financial reporting structure. First, we are merging what we previously referred to as Retail and as Media into one market category called Commercial. This change was made to better align with the structure of our sales organization to create better alignment and greater accountability. Second, we will report both total bookings and first year bookings for the Commercial market to provide better insight into future revenue trends.

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